Frankfurt — A venture capital fund advised by former British and US intelligence officials is planning a string of acquisitions to create a pan-European cyber security specialist. C5 Capital aims to create a European-wide, managed security service leader combining the latest cloud-based cyber defences, high levels of automation and local regulatory knowledge, two of the fund’s partners said in joint phone interview on Thursday. "We have a pipeline of six to eight acquisitions we plan to do across Europe," C5 chairman and partner Andre Pienaar, a former head of risk management firm Kroll’s African and Natural Resources business, said. C5 is advised by a strategy board including the recent heads of GCHQ and British Special Forces, the former chairman of the US Joint Chiefs of Staff and a former top NSA official. Its strategy is to build the business around ITC Secure Networking, which C5 acquired for £24m in 2016. ITC offers a security operations centre platform for delivering managed...
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